$TNX is down 10 bp today. And now they have headlines about rising rates. lol Yes, rising, but not every day. Pick your spots! $TLT $IEF
$IEF $TLT $TNX has hit the top of it's current steady upward channel on the daily chart. This would be a good place to see rates ease a bit. If they don't, and especially if they accelerate above the current channel, "Rate Shock" could ensue, which stocks do not react well to. (you can search the blog for the phrase "Rate Shock" to read about past cases of it). If rates do ease a bit, gold will react favorably to it. (Rates are due to rise further as the economy reopens, so we have no gold trade on now. Just insurance. Plus crypto insurance added to it.)
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